I use to do this with both parties on the offer.

The death of a principal won't kill the corp structure but you may be dealing with heirs, so consider how either party can get out and assume business management.Good luck...

Then wite a check from his account to yours and tell them it was a loan by related parties and has been fully repaid.

Given the expense, the necessity of 3rd party oversight, the nebulous nature of DOL interpretation, and the likelihood of inadvertent violation, why even discuss this?

The parties can be prosectued and the client will lose all entitlements, it's fraud.

A contract is simple a written agreement between both parties, so in reality you don't have to have anything too sophisticated.

In the operating agreement you can define in detail the roles of each party and whether or not they can be involved in day to day operations.

So far, we find the most difficult part is finding funding.

Michael Lauther,Do not forget that the money from the payment belongs to the IRA as the IRA was the insured party.

Around here it's about as expensive as the divorce and unnecessary as the parties can simply leave the relationship and give those public notices you see so much as you move forward with the divorce.See an attorney about legal matters, a loan officer to apply for a loan.